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20121002
20121002
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$50,000. i also want to give them additional tax breaks because they are the drivers of the economy. >> we need to spread the wealth around. in other words, we're going to take joseph money, give it to signature obama and let him spread the wealth around. the whole premise behind the plans are class warfare, but spread the wealth around. i want small businesses that would receive an increase in their taxes. why would you want to increase anybody's taxes right now? these people are going to create jobs unless you take that money for him and spread the wealth around. i am not going to do that. >> number one, i want to cut taxes for 90 5% of americans. it is sure my friend and supporter warren buffett could afford to pay a low tax. in order to give taxes. then exxon mobil which made record profits over the last several quarters, it they can afford to pay a little more so that ordinary families who are hurting out there tried to figure out how they're going to save for their kids' college educations, and they need a break. look. nobody likes taxes. i would for for that no one pays them
, there are really to risks and here, the obvious risk to the economy and the short-term -- and in the short term, cbo said that if all of this item good demand comes out of this economy, then we will have a mild recession in the first part of 2013, but would be back in recovery by the second half of 2013. but a recession on top of where we are already certainly would not be good the even bigger risk is the risk to the economy long term if we continue to kick the can down road and do nothing about our fiscal problems. how do we think about these two things? there is an interesting report that came out several months ago from the carlyle group. i just want to briefly read out what it has concluded. every analyst would have a grand bargain that replaces the cliff with a credible alternative the faces in a reduction over a time frame of years. but in negotiated settlement failed to realize the lame duck. those -- the most likely alternative may be a simple extension of fiscal policy. while such an extension would include the near-term growth prospects, it would also relieve the pressure to substanti
now. interviews he has given recently. >> i have been in the public eye economy and the need to get those problems straightened out. commanded the public attention issues? to judge that. what i can say is we need to describe what has happened and what is happening and what we need to do to get this under control, and right now, everybody is dancing around it and ducking as opposed to facing it, and if you have got cancer, the first thing you want to do is face it, right? we have got economic cancer at this point. we have got to fix it. >> that was the case in 1992 when you ran your first presidential campaign, and it was still the case when you ran your second in 1996. there was progress after that. a lot of people say that because of the campaigns you ran, we had surpluses and fought our way out of this, and now, it is worse than it was 20 years ago. >> exactly. >> how did we lose our way, compared to the late 1990's, when we fought our way out of this debt, to where we have gone from $4 trillion in debt when you were running to at $16 trillion? >> i am glad you mentioned that numb
Search Results 0 to 2 of about 3